Mortgage rates for February 16, 2018 will head into the weekend slightly better than yesterday as the 10y yield moves towards the 2.80% level. As of this morning the 10y yield as at the 2.85% level after breaking above the 2.91% level earlier in the week. Today we have Housing permits, Building permits and the 1yr and 5yr inflation outlook.

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 year fixed rates below 4.00%. Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 4.125% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.00% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point). As mentioned the 10y yield started off the day at the 2.85% level and the FNMA 30y 3.5 coupon started off the day at the 99-88 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538. We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

Mortgage rates for February 14, 2018 are waiting on this morning CPI data which may determine the direction of mortgage rates for the coming days and possibly weeks. As of this morning the 10y yield as at the 2.82% level and stocks are set to start the day with a positive gain. Today we have the MBA Refinance, MBA Purchase, Retail Sales, Business Inventories and perhaps the most important report – the Core CPI Monthly and Core CPI year/year reports. Thursday we have Core Producer Prices report (another very important reading for the bond market), Philly Fed and a 30y bond auction. On Friday we Housing permits, Building permits and the 1yr and 5yr inflation outlook.

Good new for bond markets is that oil continues to trade below $60 a barrel despite stocks rebounding from their previous selloff. Also Bloomberg’s commodity index continues to trade at weaker levels which could help put a lid on short term inflation in the coming weeks/months (provided they stay at lower levels).

UPDATE ON CPI REPORT – CPI, both yearly and monthly, came in stronger than expected and bonds are selling off. Currently the 10y yields is above 2.86%.

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 year fixed rates below 4.00%. Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 4.125% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.00% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point). As mentioned the 10y yield started off the day at the 2.82% level and the FNMA 30y 3.5 coupon started off the day at the 99-97 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538. We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

Mortgage rates for February 12, 2018 will start the week at similar levels seen on Friday as the bond market continues to trade at elevated levels. As of this morning the 10y yield as at the 2.87% level and stocks are set to start the day up nearly 1%. Bond markets are trying to work through the more than doubling of the deficit along with the Fed’s desire to reduce it’s balance sheet in 2018 – 2019. Today and Tuesday there are no major economic reports; Wednesday we have the MBA Refinance, MBA Purchase, Retail Sales, Business Inventories and perhaps the most important report – the Core CPI Monthly and Core CPI year/year reports. Thursday we have Core Producer Prices report (another very important reading for the bond market), Philly Fed and a 30y bond auction. On Friday we Housing permits, Building permits and the 1yr and 5yr inflation outlook.

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 year fixed rates below 4.00%. Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 4.125% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.00% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point). As mentioned the 10y yield started off the day at the 2.87% level and the FNMA 30y 3.5 coupon started off the day at the 99-80 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538. We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

Mortgage rates for February 9, 2018 should end the week at similar levels despite the significant declines in stocks we’ve seen this week. Outside of a brief move down following Monday’s selloff; the bond market has not seen any improvements to yields this week. As of this morning the 10y yield as at the 2.85% level and stocks were positive to start the day. Normally you would see a “flight to safety” as stocks sell off however that is not currently happening. It might if we see stocks continue to drop however at this point there is no “flight to safety” with traders.

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 year fixed rates below 4.00%. Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 4.125% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.00% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point). As mentioned the 10y yield started off the day at the 2.85% level and the FNMA 30y 3.5 coupon started off the day at the 99.95 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538. We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

Mortgage rates for February 7, 2018 remain slightly improved compared to the recent surge in mortgage rates. Bond yields and mortgage rates were moving higher last week and on Monday the bond market help start are significant stock market selloff. That in turn helped put a lid on bond yields for now as we move towards the end of the week. Today we have the MBA Purchase and MBA Refinance reports, Consumer Credit for December 2017, Oil and a 10y Note Auction. The 10y auction might play a significant role in moving the market and thus it’s something to keep an eye on. At this point overall mortgage purchase and refinance volume seem unaffected by the rise in rates (per the MBA Purchase and MBA Refinance reports) however I would expect to see significant declines if mortgage rates remained this high for an extended period of time.

Currently we’re seeing 30 year fixed mortgage rates below 4.375%, 20 year fixed mortgage rates below 4.125% and 15 year fixed rates below 3.75%. Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 4.125% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points). As mentioned the 10y yield started off the day at the 2.79% level and the FNMA 30y 3.5 coupon started off the day at the 100.53 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538. We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

JB MORTGAGE CAPITAL, INC

Recent Posts

JB Mortgage Capital is an “Accredited” business with the Better Business Bureau and we have an “A+” rating. We also have a “AAA” rating with the Business Consumer Alliance (BCA). Our company is fully licensed with the state of California and NMLS. [read more...]

At JB Mortgage Capital, Inc. we offer low California refinance rates to each client along with our top notch customer service. We’re a top rated mortgage company with the Better Business Bureau (A+ rating and we are accredited). [read more...]